Accountantjee

📜 Government Amends Central Goods and Services Tax Rules The Indian Government has made a further amendment to the notification regarding the Central Goods and Services Tax Rules, 2017. This amendment, recommended by the Council, modifies the notification issued on March 21, 2020. 📅 Effective Date: August 1, 2023 🔀 Amendment: The amendment substitutes the phrase "ten crore rupees" with "five crore rupees" in the first paragraph of the notification. 📋 Summary of the Amendment: Notification Details: Original Notification: No. 13/2020 – Central Tax, dated March 21, 2020 Gazette Number: G.S.R. 196(E), dated March 21, 2020 Latest Amendment: Notification No. 17/2022-Central Tax, dated August 1, 2022 Gazette Number: G.S.R. 612(E), dated August 1, 2022 Affected Rule: Sub-rule (4) of Rule 48 of the Central Goods and Services Tax Rules, 2017 Affected Text: The words "ten crore rupees" will be replaced with "five crore rupees." 📝 Conclusion: The Indian...